QNB recognized as Middle East and Africa’s biggest bank

  • 11 months   ago
QNB recognized as Middle East and Africa’s biggest bank

QNB Group, the biggest financial  foundation in the Middle East and Africa, proceeded with its remarkable accomplishments by garnish the Middle East and Africa (MEA) area, on the Banker magazine's Top 1000 World Banks rundown issued as of late. 

QNB positioned number one as the district's biggest bank by Tier 1 capital of $22.5 billion for the 2018 period, a 12% expansion over its 2017 figures, reinforced by a $2.8 billion extra Tier 1 ceaseless capital note. 

The Bank announced a portion of its best yearly outcomes regularly during the audit time frame upheld by the achievement of its business system, with a worldwide positioning of 75th in the rundown. 

The acknowledgment depended on various elements, including Pre-Tax Profits, Total Assets, Capital Assets Ratio, Return on Capital, Return on Assets, BIS Total %, NPL %, Loans to Assets Ratio, RWA Density and Cost/Income Ratio. 


Remarking on this milestone accomplishment, Abdulla Mubarak Al Khalifa, Acting Chief Executive Officer at QNB Group stated: "Being perceived as the principal MEA's budgetary foundation in the best 1000 banks all around by a main monetary production as universally regarded as The Banker Magazine is a really significant achievement. This is a demonstration of the Group's resolute pledge to greatness driven by our strong monetary exhibition, by and large resource quality, and expanding piece of the pie. 

This new accomplishment mirrors our responsibility and soul of authority and development to bring to reality QNB Group's desire of turning into 'a main bank in the Middle East, Africa and Southeast Asia (MEASEA) by 2020," Mr. Abdulla finished up. 

Not long ago, QNB brand was perceived, by and by, as the most profitable financial brand in the MEA, with a worth $5.04 billion, as indicated by the yearly report did by Brand Finance. 

The Group has kept up its situation as one of the most noteworthy evaluated territorial banks from driving FICO score organizations including Standard and Poor's (A), Moody's (Aa3), Fitch (AA-), and Capital Intelligence (AA-). 

QNB Group's essence through its backups and partner organizations reaches out to in excess of 31 nations crosswise over three mainlands giving an exhaustive scope of cutting edge items and administrations. The complete number of representatives is in excess of 30,000 working through 1,100 areas, with an ATM system of in excess of 4,400 machines.